The Financial Conduct Authority (FCA) released the Financial Advice Market Review (FAMR) with a bang this morning - but the industry's response has been mixed...
The FAMR - a joint Financial Conduct Authority (FCA) and Treasury project - has recommended a package of measures aiming to encourage consumer uptake and awareness of advice. New proposals such as the pensions dashboard and the nudge approach to financial management have been well received, but some say that the proposed timeline for the report is inadequate and that the report is a tacit admission that the Retail Distribution Review (RDR) has failed. Chapters Financial director Keith Churchouse (pictured) is one adviser arguing that the proposed timeline for assessment of the report'...
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